The tech-heavy Nasdaq is up 34.4% so far this year as optimism about artificial intelligence and expectations for an end to the Federal Reserve’s interest rate increases fueled investor bets on the sector.
Morgan Stanley cited the strong industrial sector and federal infrastructure spending as it raised its economic growth forecast for the year, saying it expects a soft landing for the economy.another quarter of a percentage point when it meets next week, and analysts will be listening to what Chair Jerome Powell says during the press conference on Wednesday for extra clues about the Fed’s future moves.
The Fed wants to get inflation back to the 2% annual target, something that has been persistently challenging amid a resilient economy with a tight labor market. Next week also features a report on second-quarter
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